核聚变

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比特币继续刷新历史新高,日内涨超5%;上海市国资委围绕加密货币与稳定币的发展趋势及应对策略召开中心组学习会——《投资早参》
Mei Ri Jing Ji Xin Wen· 2025-07-10 22:40
每经记者|杨建 每经编辑|彭水萍 (一)重要市场新闻 1、美股三大指数小幅收涨,纳指涨0.09%,标普500指数涨0.27%,道指涨0.43%,其中,纳指、标普 500指数均创历史新高;大型科技股涨跌互现,特斯拉涨4.7%,奈飞跌超2%;达美航空大涨12%引领旅 游股走高,比特币概念股走高,Coinbase涨超4%。中概股涨跌互现,纳斯达克中国金龙指数收涨 0.9%,阿里巴巴涨超2%,网易跌超2%,小鹏汽车、京东跌超1%。比特币盘中突破11.7万美元,继续刷 新历史新高,日内涨超5%。 2、国际贵金属期货普遍收涨,COMEX黄金期货涨0.36%,报3333.00美元/盎司;COMEX白银期货涨 2.72%,报37.63美元/盎司。国际油价走弱,美油主力合约收跌2.21%,报66.87美元/桶;布伦特原油主 力合约跌1.91%,报68.85美元/桶。欧洲三大股指收盘涨跌不一,德国DAX指数跌0.38%报24456.81点, 法国CAC40指数涨0.3%报7902.25点,英国富时100指数涨1.23%。 (二)行业掘金 1、上海市国资委党委7月10日召开中心组学习会,围绕加密货币与稳定币的发展趋势及应对策略开展 ...
晚报 | 7月11日主题前瞻
Xuan Gu Bao· 2025-07-10 14:26
Group 1: Nuclear Fusion - Chengdu Hanhai Fusion announced an event on July 18 to celebrate the completion of China's first linear fusion device HHMAX-901 and the achievement of plasma ignition, marking a significant breakthrough in controllable nuclear fusion commercialization [1] - The main technological paths for controllable nuclear fusion include magnetic confinement (Tokamak), inertial confinement (NIF), and magnetic inertial confinement (linear devices), with multiple facilities under construction globally [1] - Hanhai Fusion is the only commercial fusion company in China using the field-reversed configuration technology, which has a power density approximately 100-1000 times that of Tokamak devices [1] Group 2: Short Dramas - JD Group is recruiting for short drama operation positions, indicating its intention to enter the short drama market, which has seen explosive growth since 2023, with over 600 million users expected by 2024 [2] - The micro-short drama market in China is projected to reach 50.5 billion yuan in 2024, surpassing annual box office revenue for the first time, with an expected growth to 63.43 billion yuan by 2025 and 85.65 billion yuan by 2027, reflecting a compound annual growth rate of 19.2% [2] Group 3: Quantum Computing - CSIRO researchers developed a groundbreaking semiconductor process technology that successfully applies Quantum Machine Learning (QML) to construct process models, enhancing manufacturing precision and efficiency while potentially lowering chip production costs [3] - Quantum computing is seen as a core driver of next-generation information technology, with a significant shift towards industrial applications expected between 2025 and 2030, potentially reaching a market size of hundreds of billions of dollars [3] - China's "14th Five-Year Plan" identifies quantum technology as a core strategy, with expectations for breakthroughs in quantum communication and optical quantum computing [3] Group 4: Domestic Services - The Ministry of Commerce plans to implement policies to promote domestic service brands and improve the credit system in the sector, as part of the "2025 Domestic Service Action Plan" [4] - The domestic service market in China surpassed 1.16 trillion yuan in 2023, growing approximately 7.3% from 2022, driven by increasing demand due to family size reduction and aging population [4] - The domestic service industry has a significant talent gap, with over 30 million workers currently employed, indicating a strong potential for job creation [4] Group 5: Autonomous Driving - An international standard for testing scenarios of autonomous driving systems was officially released, outlining evaluation processes and requirements for testing scenarios [5] - The diversity and coverage of testing scenarios are crucial for the effectiveness and reliability of autonomous driving system evaluations, which involve multiple industries including AI, IoT, and urban infrastructure [5] Group 6: Artificial Intelligence - The Shanghai government is preparing for the 2025 World Artificial Intelligence Conference, promoting global cooperation in AI and focusing on key sectors for innovation [6] - The competition in large model technology is intensifying, with significant differences in development paths between China and the US, as domestic companies work on core technology and industry applications [6] Group 7: Gaming Industry - Zhejiang Province has implemented a comprehensive policy to support the international development of gaming companies, aiming to strengthen local game enterprises and foster a gaming export industry cluster [7] - The gaming industry is expected to enter a new development phase characterized by content refinement, AI industrialization, and systematic internationalization by 2025 [7]
安泰科技(000969):传统业务“稳增长”,特粉+非晶+核聚变三大业务“迎风来”
Hua Yuan Zheng Quan· 2025-07-10 10:31
Investment Rating - The report assigns an "Accumulate" rating for the company, indicating a positive outlook for its future performance [6][12][13]. Core Insights - The company is positioned to benefit from stable growth in traditional businesses while also capitalizing on three key growth areas: special powders, amorphous materials, and controlled nuclear fusion [6][9][15]. - The company has shown continuous improvement in operational efficiency, with a notable decrease in the proportion of expenses relative to revenue, indicating effective cost management [7][40]. - The company has a comprehensive product portfolio, structured under a "2+3+4" business model, which includes two core industries, three key industries, and four incubating industries, allowing for diversified growth opportunities [9][27]. Summary by Sections 1. Business Structure and Market Position - The company operates as a core platform for metal new materials under China Steel Research, focusing on high-end applications in various strategic industries such as AI, new energy, and aerospace [21][24]. - The "2+3+4" structure includes two core industries (refractory tungsten and molybdenum, rare earth permanent magnets), three key industries (amorphous/nanocrystalline materials, high-alloy high-speed steel, superhard materials), and four incubating industries (special powders, injection molding, welding materials, controlled nuclear fusion) [27][28]. 2. Historical Performance and Financial Health - The company has experienced steady revenue and net profit growth from 2021 to 2023, with a two-year compound annual growth rate (CAGR) of 14.26% and 20.53%, respectively [32][35]. - In Q1 2025, the company reported a revenue of 1.782 billion yuan, a year-on-year decrease of 5.76%, while net profit increased by 4.95% to 83 million yuan, indicating resilience despite challenges [7][32]. 3. Growth Drivers - The special powders segment is expected to see sustained high growth due to increasing demand in the electric vehicle and AI sectors, with a projected compound annual growth rate of 10.5% in the global injection molding market from 2023 to 2030 [15][48]. - The amorphous materials segment is entering a high-growth cycle, with significant applications in energy-efficient transformers and electric motors, which are gaining traction in the market [61][74]. - The controlled nuclear fusion segment is accelerating towards commercialization, with the company positioned to benefit from advancements in this field [75]. 4. Profitability Forecast and Valuation - The company is projected to achieve net profits of 330 million yuan, 422 million yuan, and 545 million yuan for the years 2025, 2026, and 2027, respectively, with earnings per share (EPS) expected to be 0.31, 0.40, and 0.52 yuan [11][13]. - The report suggests a valuation premium for the company due to its multiple business segments entering growth phases, with a price-to-earnings (P/E) ratio forecasted at 40.38 for 2025 [12][13].
石油ETF(561360)涨超1.2%,传统能源景气与新兴技术突破共振
Sou Hu Cai Jing· 2025-07-10 05:36
石油ETF跟踪的是油气产业指数,该指数由中证指数有限公司编制,主要从沪深市场中选取涉及石油与 天然气勘探、开采、加工及相关服务业务的上市公司证券作为指数样本,以反映中国油气行业相关上市 公司证券的整体表现。该指数具备较强的周期性和资源属性特征,能够较好地体现油气产业链企业的市 场走势。 消息面上,2025年7月7日,中科炼化液化烃码头二期项目正式投运,该项目将进一步提升华南地区液化 烃储运能力;同日,石化机械与阿布扎比国家石油公司签署合作备忘录,双方将在油气装备领域深化技 术合作。此外,2025年7月6日,浙江石油35家易捷养车汽服店同步开业,标志着其非油业务向汽车后市 场服务延伸取得新进展。 上海证券指出,传统能源设备行业景气持续,加速出海。美国石油库存处于历史低位,且临近6-9月石 油消费旺季,有望支撑油价上行;地缘政治扰动如美伊核谈判、俄乌冲突、中美关税等因素也对行业产 生影响。中国油气设备公司正加速出海,海外订单贡献盈利。此外,新型能源设备领域可控核聚变资本 开支和景气度上行,商业化渐行渐近。近5年核聚变行业初创企业涌现且投融资活跃,技术进展层出不 穷,国内行业发展进入加速期。2025年以来国内核聚变 ...
活力中国调研行丨从实验室到地铁站 前沿科技成果竞相涌现
Yang Shi Xin Wen Ke Hu Duan· 2025-07-10 04:58
核聚变、量子信息、深空探测,在国内,这些前沿关键词聚集在了一个地方,那就是安徽。 "十四五"期间,安徽的重大科技基础设施建设迎来了快速发展期,重大原创科技成果竞相涌现。今天让我们一起跟着记者的脚步,走进安徽合肥,看看那里 的最新建设情况。 重大原创科技成果 竞相涌现 在安徽合肥聚变堆的园区,每座建筑都是一个巨大的实验室,里面分别在研发安装"人造太阳"的不同关键部件。记者所在的实验室里,最明显的一座半圆形 的装置,看起来非常像一个"橘子瓣",它的学名叫作: 聚变堆主机八分之一真空室及总装平台。目前,这里正在进行偏滤器部件和遥操作系统的集成测 试,将进一步验证这个总装平台的综合能力。 中国科学院合肥物质院等离子体物理研究所团委书记叶华龙:我们的园区是2022年3月份投入使用,19个子系统建设的进程,节奏是全面加快了,预计到年 底就会基本建成。 所谓人造太阳,是模仿太阳的原理,让氢原子在超高温高压下碰撞融合,释放出巨大能量。每一升海水里面提取的氢的同位素氘,经过聚变反应,就能释放 出相当于300升汽油的能量,而且生成物是氦气和水,没有任何废物和放射性元素,是未来的理想能源。 要建设"人造太阳",就要有极其特殊的技术 ...
【私募调研记录】星石投资调研冰轮环境
Zheng Quan Zhi Xing· 2025-07-10 00:14
根据市场公开信息及7月9日披露的机构调研信息,知名私募星石投资近期对1家上市公司进行了调研, 相关名单如下: 调研纪要:公司致力于在能源和动力领域提供先进的系统解决方案和全生命周期服务,主要产品形式为 压缩机和换热装置,实施温控、增压等冷热能管理功能,覆盖-271℃-200℃温度区间。公司研发成功极 低温用氦气压缩机,应用于磁约束可控核聚变装置中的超导磁体冷却系统。公司为数据中心提供冷源装 备和热交换装置,产品入选国家绿色数据中心先进适用技术产品目录。公司研发核岛冷却、核能供热等 技术,服务于多个核电站,并参与制定核电制冷设备标准。公司推出工业全域热控综合解决方案,涵盖 余能高效回收与集约利用,子公司华源泰盟节能设备有限公司在热泵领域取得多项成果。公司布局船海 绿色能源系统智慧解决方案,产品包括远洋运输船BOG再液化装置、船舶碳捕集系统等。公司的最大 竞争优势在于持续技术创新,设有国家认定企业技术中心,获得多项国家奖项。 机构简介: 北京市星石投资管理有限公司(以下简称"星石投资")成立于2007年,是国内顶尖的私募证券投资基金管 理公司之一、中国证券投资基金业协会首批特别会员,国内最早成立的阳光私募公司之一 ...
颠覆未来20年的科技是什么?“中国诺奖”得主们这样说
Di Yi Cai Jing· 2025-07-09 13:48
16位"未来科学大奖"历年得主齐聚上海北外滩,共话推动人类未来发展的颠覆性科学技术。 近年来,企业出资设立民间科学奖项的做法在国内蔚然成风,形成了一股激励科学创新的社会力量。 7月8日,未来科学大奖十周年庆典在上海举行。未来科学大奖上海峰会联席主席、上海交通大学李政道 研究所副所长丁洪院士表示,希望激励更多年轻人投身科学前沿。 "未来科学大奖"被《自然》杂志称为"中国诺贝尔奖",由民间公益组织颁发,设有生命科学奖、物质科 学奖、数学与计算机科学奖三大奖项,表彰在中国做出具有世界级影响力的科研成果,单项奖金高达 100万美元。 今年是未来科学大奖成立十周年。过去十年来,已有39位科学家获得未来科学大奖。真格基金创始人徐 小平表示:"也许在100年后,比起诺贝尔奖,中国科学家更想获得未来科学大奖。" 上海交通大学李政道研究所所长、高能量密度物理和激光核聚变领域的物理专家张杰介绍了可控核聚变 技术的最新科研成果。张杰表示,激光聚变点火成功使得美国在聚变能源方面更具优势;在我国,张杰 及其团队提出的双锥对撞点火方案(Double-cone ignition scheme,DCI)从原理上提高了激光能量到燃 料内能的转 ...
未来50年最具突破潜力的方向是什么?这些科学家共话科学发展趋势
Zheng Quan Shi Bao· 2025-07-09 13:24
中国科学技术大学常务副校长潘建伟表示,未来20年,人工智能与量子计算的融合将成为重塑人类文明 的关键方向。在量子计算领域,目前超导量子计算相对更具优势,但未来可能是光和超导结合的路径。 未来科学大奖十周年庆典7月8日在上海举行。多位科学家围绕"未来20年最具颠覆性的科学变革""未来 50年最具突破潜力的方向"等前沿领域,共话科学未来发展趋势。 上海交通大学李政道研究所所长张杰指出,2022年12月5日,美国实现了净能量增益的惯性约束核聚变 反应,标志着人类首次掌握了可控核聚变能技术,对人类社会向非碳基终极能源的变革具有极其深远的 影响。张杰预计20年内聚变能将走进千家万户,为人类生活带来巨大变革。 上海交通大学李政道研究所副所长丁洪指出,从未来时间维度看,20年内最具颠覆性的当属通用量子计 算机,未来50年则要聚焦AI for Science。 在香港科技大学校董会主席沈向洋看来,大模型是一个涵盖技术、商业、治理等多要素的概念,将赋能 千行百业,而多模态是大模型发展中的重要里程碑,涉及算力、算法、数据等多方面因素。未来,增强 模型的理解和推理能力是融合多模态数据过程中的关键技术难点。同时,如何发展以人为本的机 ...
机械行业下半年投资策略:价值守正,成长出奇
Shanghai Securities· 2025-07-09 10:03
证券研究报告 2025年7月9日 行业:机械 增持 (维持) 主要观点 风险提示:全球和国内经济环境不及预期、产业政策不及预期、市场竞争加剧的风险、原材料价格剧烈波动、技术发展不及预期、国际贸易摩 擦和争端加剧等。 2 价值守正,成长出奇 ——机械行业下半年投资策略 分析师:刘阳东 SAC编号:S0870523070002 分析师:王亚琪 SAC编号:S0870523060007 ◼ 工程机械:行业周期景气复苏,看好内外需共振下企业盈利改善。国内市场,工程机械行业筑底向好趋势有望持续;出口市场,受益于东 南亚、非洲、中东等新兴市场景气持续,工程机械出口规模持续提升,国产厂家全球市占率仍有提升空间。工程机械板块或受益于国内外 需求共振,工程机械企业盈利水平有望持续提升。 ◼ 半导体设备:国产核心设备有望加速验证,自主可控趋势明确。终端需求发展叠加大陆晶圆厂产能扩张,为国内半导体设备产业的扩张和 升级提供机遇,据SEMI预测,2025-2027年中国300mm晶圆厂设备投资预计超过1000亿美元。同时,在半导体产业逆全球化趋势背景下, 国内半导体产业链自主可控势不可挡,随着下游晶圆厂扩产以及国产设备验证进程持续推 ...
A股午评:沪指站上3500 多元金融概念盘中走高
news flash· 2025-07-09 03:34
A股午评:沪指站上3500 多元金融概念盘中走高 金十数据7月9日讯,今日早盘,A股三大指数开盘涨跌互现,盘中走高,盘尾稍有回落。截至中午收 盘,上证指数收涨0.29%,报3507.69点,深证成指收涨0.36%,创业板指收涨0.8%。多元金融概念涨幅 居前,越秀资本、南华期货等多股涨停;短剧互动游戏概念盘中拉升,中文在线涨超13%;工程建造相 关概念走高,四方新材领涨;除此以外,大医药板块回升,托育服务、银行、电源设备、可控核聚变等 概念早盘收涨。稀土永磁概念今日回调、贵金属、存储芯片、保险、船舶制造等概念早盘走弱。资金面 上,沪深两市半日成交额达9553万亿,较昨日放量约823亿,主力资金净流出约226亿。 ...